Lam Research (LRCX) Earnings Wins

Lam Research (LRCX) is the FOMO stock for Thursday October 20th. In this segment Alex Coffey and Jenny Horne examine first quarter earnings results for the company which is more on the supplier side of the semiconductor world. Lam (LRCX) reported Revenue of $5.07B (+17.9% Y/Y) beats by $160M and FQ1 Non-GAAP EPS of $10.42 beats by $0.88. Jenny points out that Lam Research did also warn that White House restrictions on China is expected to negatively affect 2nd quarter sales and Alex and Jenny discuss how the restrictions are affecting main players in the semiconductor world overall. Finally Alex demonstrated an example trade using shares of LCRX.